Posts Tagged ‘repossession’

Subprime car dealers, as well as mainstream dealerships, are increasingly turning to devices that will disable a driver’s vehicle if the driver misses a car payment. The technology isn’t new, but the technology is now more cost effective and gaining wider adoption in the industry. PassTime, a Littleton Colorado based company, has been offering a product since 1992 that allowed GPS tracking of vehicles and now can remotely disable a driver’s vehicle. I imagine that services like OnStar only need to make changes to its user agreement to offer a similar service. (more…)